DLF Futures short term Trade Ideas

DLF 

Scrip Name: DLF	Comment
Trade Check List
Is Stock Trading Above or Below Bollinger Band Level	Below Lower Level
Is ADX is < 20	No, 27.05
Support Level	161.2, 157.6
Resistance Level	170.9, 177
Others

Will buy the Futures if it holds the support level and sentiment favors the Scrip.

*Odds favoring trade

• Chart Closing below Bollinger Band, will buy DLF @ 161.2 which is a key support level

*Odds against trade

• RBI Limiting lending to banks to avoid free fall of INR 
• 20 day EMA acts as a strong resistance to DLF for past 3 week.